The 2019 Local Content Conference & Exhibition has opened in the Western Region’s capital, Takoradi. On the theme “Maximising in-country value addition: the role of indigenous Ghanaian companies in Joint Ventures in the Upstream Petroleum Industry”, the Commission is seeking to put the spotlight on the role of indigenous companies in the fledging industry.
This year’s event features thought provoking sessions covering a plethora of subjects considered germane to deepening local content in Ghana. Opening the three-day event, Deputy Minister for Energy Mohammed Amin Adam said it is imperative that the oil and gas resource benefit the Ghanaian economy beyond the direct contribution to Gross Domestic Product. Dr. Amin emphasizes that industry must work together to build the requisite capabilities of indigenous businesses, engender symbiotic growth and competitiveness. “It is full attention to these, that will ensure the people benefit from our hydrocarbon resource” he said.
Egbert Faibille Jnr., CEO of the Petroleum Commission in a key note address said in line with the Commission’s mandate it continues to deliberately place indigenous Ghanaian companies in compelling, strategic modes to benefit from all that is available in the upstream sector. This according to him has been done through among others the capacity building engagements with SMEs and Trade missions to oil and gas hubs with the recent being Calgary Canada during the 2019 Global Petroleum Show.
Touching on the Accelerated Oil and Gas Capacity Programme, the CEO said the Commission has been working tirelessly to ensure that Ghanaians are fully equipped to work in the industry. “As the implementing institution for this initiative, we are working with a number of IOCs and major service companies to establish a framework for providing technical training to a number of Ghanaians. Some of these companies include Halliburton, Subsea 7 and Saiwest” he stressed
With the implementation of the Local Content Regulations over the last six years, industry stakeholders are hopeful that the Conference will provide an avenue for deep reflections.